{
    "success": true,
    "data": {
        "id": 1732739,
        "msgid": "public-spending-begins-to-slow-after-eid-2026-upper-class-becomes-the-supporter-1778555664",
        "date": "2026-05-12 06:59:00",
        "title": "Public Spending Begins to Slow After Eid 2026, Upper Class Becomes the Supporter",
        "author": "Friska Yolandha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Economy",
        "summary": "Mandiri Institute reports that public spending in Indonesia has started to normalise and moderate after the Eid al-Fitr peak in 2026, with the Mandiri Spending Index dropping from 124.3 points in late March to 122.3 points by early May. This slowdown is more gradual compared to the sharp decline followed by a strong rebound seen in 2025, indicating greater stability in consumption patterns. Consumption growth remains supported by the upper-income group, which saw a 5.3% annual increase, while lower and middle-income groups experienced decelerated spending.",
        "content": "<p>Mandiri Institute has recorded that public spending patterns are\nbeginning to return to normal after the Eid al-Fitr 2026 period. Based\non Mandiri Spending Index (MSI) data, the public spending index peaked\nat 124.3 points on 22 March 2026 during the Eid period, then moderated\nto 122.3 points in the first week of May 2026. \u201cPublic spending has\nexperienced moderation. So, up to 5 May, MSI moderated to 122.3 after\nfive consecutive weeks of correction,\u201d said Head of Mandiri Institute\nAndre Simangunsong during the Mandiri Macro and Market Brief 2Q26 in\nJakarta on Monday (11\/5\/2026). Although it is considered a slowdown,\nAndre assessed that this year\u2019s consumption patterns are still better\nthan the same period last year. According to him, post-Eid 2025 saw a\nfairly sharp drop in consumption, followed by a strong recovery.\nMeanwhile, in 2026, the spending slowdown occurred more gradually,\nreflecting more stable consumption patterns. \u201cIf we compare 2026 with\n2025, we see that the moderation in 2026 appears more gradual. Last\nyear, after the Eid peak effect, public spending dropped significantly,\nbut the rebound was also significant,\u201d Andre explained. \u201cHowever, at\nleast here we see that in the fifth week or during the Labour Day\nholiday, MSI has entered positive weekly growth,\u201d he added. From the\nincome group perspective, Mandiri Institute observed that consumption\ngrowth is still supported by the upper-income group. The upper class\nspending growth was recorded at 5.3% annually in 2026, higher than last\nyear\u2019s 3.1%. In contrast, the lower and middle groups experienced a\nslowdown in spending growth.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/public-spending-begins-to-slow-after-eid-2026-upper-class-becomes-the-supporter-1778555664",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}